I. INTERNAL AUDIT CHARTER - Ministry of Health

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Government Internal Audit Standards, Royal Government of Bhutan (b) In addition to the formal annual report, the Head of Internal Audit should make arrangements for interim reporting to the Head of Ministry/Agency in the course of the year. Such interim reports should address emerging issues in respect of the whole range of areas to be covered in the formal annual report. The Head of Internal Audit should also provide information required by the Head of Ministry/Agency on an ad hoc basis. 20.5 QUALITY ASSURANCES 20.5.1 Principles of Quality Assurance (a) The work of internal audit should be controlled at each level of operation to ensure that a continuously effective level of performance, compliance with these standards, is being maintained. 20.5.2 Management of Internal Audit (a) Internal Audit should ensure that internal audit staff at all levels are appropriately supervised throughout all audit assignments to monitor progress, assess quality and coach staff. Supervision should include: i ii. ensuring compliance with these standards and local manuals. providing suitable instructions at the outset of an audit. iii. approving audit objectives and work plans. iv. ensuring audits are conducted as planned or that variations are approved. v. ensuring that appropriate audit techniques are used. vi. ensuring that audit findings, conclusions and recommendations are adequately supported by relevant and sufficient evidence. vii. ensuring that reports are accurate, objective, clear, concise and timely. Viii ensuring that work is achieved within approved budgets, or variations are approved. 3536 Internal Audit Section, Ministry of Finance, Thimphu Page 26 of 28
Government Internal Audit Standards, Royal Government of Bhutan (b) (c) (d) The extent of supervision will depend on the experience and training of the individual auditor. Particular care should be taken to ensure that all work by trainee auditors is subject to comprehensive supervision and that trainee auditors never work without the supervision of a qualified auditor. The Head of Internal Audit should establish a set of performance measures and criteria for the internal audit function. These measures and criteria should be approved by the Head of Ministry. Supervisors should regularly discuss auditors’ performance with them and identify any areas in which improvement or training is required. 20.5.3 Internal quality review (a) The Head of Internal Audit should make provision for internal quality reviews to be undertaken periodically by experienced members of the internal audit function. These reviews should be undertaken at least every year. (b) Internal reviews should appraise 1. the quality of audit work. 2. the quality of supervision. 3. compliance with these standards. 4. compliance with the internal audit manual. 5. the ways in which the internal audit function adds value to the organization. 6. achievement of performance standards / indicators. (c) The internal reviews by the Coordinating Agency should include comment on the results of such reviews in the annual internal audit report. Following an internal quality review, the internal auditors involved should develop an action plan for addressing any weaknesses identified. (d) Internal reviews should be conducted by reviewing a range of completed and current audit assignments. (e) Internal reviews should be conducted according to the approved programme, and subject to the principles of objectivity and the acquisition of evidence contained in these standards. Internal Audit Section, Ministry of Finance, Thimphu Page 27 of 28
Page 1 and 2: Internal Audit Charter, Royal Gover
Page 7 and 8: Code of Ethics for Internal Auditor
Page 13 and 14: Government Internal Audit Standards
Page 25: Government Internal Audit Standards

I. INTERNAL AUDIT CHARTER - Ministry of Health

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